Economists generally agree that the most important tax in the U.S. economy is the
a. investment tax.
b. sales tax.
c. property tax.
d. labor tax.
d
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Corporate takeovers of a firm occur
A. when one firm’s market share for their product goes to zero. B. when a group acquires sufficient stock in a firm to take control of the firm’s operations. C. when a new chief executive officer replaces the previous chief executive. D. when a corporation issues new shares of stock.
Congressman Gallstone seeks support from his colleagues for a bill he sponsors that will establish a new national park in his district
He offers to support Congresswoman Disrail's proposal to build a new library in her district in exchange for her vote for his national park bill. This is an example of A) government failure. B) regulatory capture. C) rational ignorance. D) logrolling.
______ occurs when the firm produces below the level where average total cost is minimized.
a. Monopolistic capacity b. Excess capacity c. Total capacity d. Necessary capacity
The current chairman of the Federal Reserve is
A. Janet Yellen. B. Timothy Geithner. C. Alan Greenspan. D. Hank Paulson